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Property profile & analytics
FOR SALE
Retail space

48980 Rabun Rd Bay Minette, AL 36507

2,808 SF 0.7 ac lot Built 1965
Trust Owned Absentee Owner Free & Clear
Property ID
US03-1879654
Property summary
AI-generated overview

This exceptional 0.74-acre commercial/industrial land parcel presents a compelling investment opportunity in rapidly growing Bay Minette, Alabama. Situated on a corner lot with 345 feet of paved road frontage along Rabun Road/Highway 287 and Ransom Stewart Lane, this property boasts exceptional visibility and accessibility. The site benefits from a high average annual daily traffic count of nearly 10,000 vehicles, ensuring significant exposure for any development. Its strategic location is a key advantage, being only 0.8 miles from the upcoming Novelis Recycling plant (projected 1,000+ employees by 2025) and a half-mile from the South Alabama Mega Site. Furthermore, its proximity to Interstate 65 (2 miles, with over 20,000 vehicles daily) provides easy access to a wider regional market. The property is designated as an Opportunity Zone, offering potential tax advantages. Previously a service station, the site features four underground tanks (removal quote available). The absence of zoning allows for diverse development options, including but not limited to service stations, fast food establishments, multi-family complexes, hotels, retail centers, self-storage facilities, or RV parks. This property's combination of location, accessibility, and Opportunity Zone status makes it an ideal investment for those seeking strong returns in a thriving market. The asking price is $800,000, with a land value of $1,081,081.08 per acre. The property's APN is 05-18-08-27-0-000-005.001 and is offered fee simple.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction WOOD
Total area 2,808 SF
Lot 0.7 ac (30,492 SF)
APN 18-08-27-0-000-005.001
UPID US03-1879654
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Miriam H Stewart Revocable Trust
Miriam H Stewart Revocable Trust
since 2025
3 recorded transactions
2025
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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